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Dec 10, 2012
12/12
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the president and the speaker refuses think about the details of the meeting and some republicans are now putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy of taking get entitlements cuts in return. many house republicans refused report tax hikes under any circumstances. democrats of is rushing through entitlement reforms you for the end of the year. >> watching some stalls, several on the bay bridge we will have more on weather and traffic coming up. >> the opening bell on wall street is about 20 minutes away. looming fiscal crisis on the market today. we did better than we did expect it from mcdonald's this morning. rob black will be coming up at 645. the dow futures point to a lower opening this morning. >> men and women have equal footing in the nation's economic recovery according to the latest numbers from the labor department. the biggest numbers for men have been for vessel jobs in factory work and for women in their biggest gains have been an education and health care. according to house all day the men had a 7.9 percent unemploymen
the president and the speaker refuses think about the details of the meeting and some republicans are now putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy of taking get entitlements cuts in return. many house republicans refused report tax hikes under any circumstances. democrats of is rushing through entitlement reforms you for the end of the year. >> watching some stalls, several on the bay bridge we will have more on weather and traffic...
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Dec 10, 2012
12/12
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this morning, a republican senator hinted president obama's plan might work at least to change the debate. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2%. all of a sudden, the shift goes back to entitlements. >> congress has three weeks to prevent automatic tax hikes for all americans, and drastic cuts in federal spending. >>> there is no plan to change a controversial practice of changing votes after a practice passes or fails. about half of those sworn in last week are new to the job. during the past session, aseem belie members changed their votes more than 5,000 times. the practice does not affect the outcome of a bill but it disallow lawmakers to hide or distort their vote. >>> the u.s. postal service is working to make it a little easier for customers around the bay area. >> reporter: business was brisk at this san francisco post office, not so unusual for the holiday season. but what was unusual was the post office was open today. on a s
this morning, a republican senator hinted president obama's plan might work at least to change the debate. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2%. all of a sudden, the shift goes back to entitlements. >> congress has three weeks to prevent automatic tax hikes for all americans, and drastic cuts in federal spending. >>>...
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Dec 10, 2012
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. >> in nationalist president obama met with republican house speaker john boeher at the white house to discuss how to resolve the fiscal cliff. >> few details were released about the meeting yesterday. >> if lawmakers fail to strike a deal before the end of the year, tax increases and spending cuts will go into effect. some analysts say could push the economy back into recession. >> the latest count finds the number of homeless people stayed about the sanctions in january of 2011 and january 2012. the house and other rebel the provinces a sluggish economy as some what countered affect the house the homeless that numbered being around 633,000 people. the percentage of homeless vets as well as those homes for more than a year each dropped by 7 percent. the obama administration has set a goal of eliminating homeless veterans and chronic homeless as by the end of 2015. >> coastal communities destroyed by superstar on sandy are rushing to rebuild their boardwalk in time for next summer. they are in a race to finish by the end of may to retain tourist money they will need next year. seasi
. >> in nationalist president obama met with republican house speaker john boeher at the white house to discuss how to resolve the fiscal cliff. >> few details were released about the meeting yesterday. >> if lawmakers fail to strike a deal before the end of the year, tax increases and spending cuts will go into effect. some analysts say could push the economy back into recession. >> the latest count finds the number of homeless people stayed about the sanctions in...
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Dec 10, 2012
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some republican about putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy and taken it entitled cuts in return. many house republicans refused to support tax hikes under any circumstances. the democrats have been skeptical about rushing through in time or four before the end of the year. >> same-sex couples can now officially tied the knot in washington state. >> yesterday mark the first day that those couples are able to legally marry. there are more than 140 people that registered to marry at seattle city hall. seattle mayor mike mcginn called in a great and joy is a day with a noose rights be recognized. >> we will be right back--a new civil rights being recognized you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is
some republican about putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy and taken it entitled cuts in return. many house republicans refused to support tax hikes under any circumstances. the democrats have been skeptical about rushing through in time or four before the end of the year. >> same-sex couples can now officially tied the knot in washington state. >> yesterday mark the first day that those couples are able to legally marry....
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Dec 10, 2012
12/12
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the chief says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america's economy growing again. >> still have up certain that -- uncertainty that fuels doubts, stops people from making decision. >> bud washington's top leader, house speaker john boehner, says there has been little progress. >> when it comes to the fiscal cliff threatening our economy and threatening jobs, the white house has wasted another week. >> democrats show no signs of backing off from supporting the president's hard-line stance on raising the incomes tax rate for the rich. >> we democrats realize there have to about two sides to the bargain, but in 2011 we put both revenues and cuts on the table. >> but one republican senator revealed this week that tax increases might help solve america's debt crisis. so far the g.o.p. has stood imeps raising taxes. >> what we ought to be working on is the other 93%, because if you want to do what he wants on tax rates, you affect% of the deficit. we have spent ourselves into a hole and we're not going to rai
the chief says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america's economy growing again. >> still have up certain that -- uncertainty that fuels doubts, stops people from making decision. >> bud washington's top leader, house speaker john boehner, says there has been little progress. >> when it comes to the fiscal cliff threatening our economy and threatening jobs, the white house has wasted another...
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Dec 10, 2012
12/12
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president barack obama is rallying. over the week company there are some republicans expressing willingness to go along with the president's tax plan. >>> they made a tearful apology for the prank call that led to a nurse's suicide. it happened to kate during her morning sickness. >> if we thought anything like this would happen, it was meant to be a prank call. >> they have faced worldwide outrage where they presented to be prince charles and queen elizabeth. >> we just assumed with the voices we put on, we were going to get told off and that was the gag. >> well an official cause of death has not been announced, we think the stress may have prompted her to take her own life. there are no plans for the djs to go back on the air. >>> the member of the u.s. navy seal team was killed during a rescue mission, one that freed an american doctor. and from morning star development, he was killed along with 2 half began staff members. the two afghans they were released saturday. the seal team was sent in to rescue the doctor af
president barack obama is rallying. over the week company there are some republicans expressing willingness to go along with the president's tax plan. >>> they made a tearful apology for the prank call that led to a nurse's suicide. it happened to kate during her morning sickness. >> if we thought anything like this would happen, it was meant to be a prank call. >> they have faced worldwide outrage where they presented to be prince charles and queen elizabeth. >> we...
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Dec 10, 2012
12/12
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obama and speaker boehner met face-to-face. in washington can't strike a deal by the end of the year all -- automatic spending cuts go into effect. >>> the white house has ordered military to plan on slashing 500 billion from its budget over the next 10 years. federal funding for schools will be cut 8.2% some ideas include eliminating tax deduction for charitable contributions. no longer allowing homeowners who write-off mortgage payments. >>> time for a check on the weather. >>> 68 in santa rosa, going to be well above average by four to eight degrees. good morning. fairfield six mile visibility, santa rosa 1 and 3/4 everybody else unlimited. land breeze keeping clouds out over the coast. coolest inland where we have the 40s, except napa 51 around the bay and coast in the 50s. 7:00 temperatures mid 50s inland i should say mid 40s inland mid 50s bay and coast sunny near 60 lunchtime, great time to be outside warm air mass will jump up to 60° by 4:00 low to mid 50s by 7:00. cooling tomorrow as sea breeze kicks in, tuesday night
obama and speaker boehner met face-to-face. in washington can't strike a deal by the end of the year all -- automatic spending cuts go into effect. >>> the white house has ordered military to plan on slashing 500 billion from its budget over the next 10 years. federal funding for schools will be cut 8.2% some ideas include eliminating tax deduction for charitable contributions. no longer allowing homeowners who write-off mortgage payments. >>> time for a check on the weather....
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Dec 7, 2012
12/12
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KTVU
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john boehner and president obama and nancy pill low city blamed the republicans. >> we had a serious proposal based on president clinton's chief of staff. there is no counter offer from the white house. unstead, reports indicate that the president -- instead, the president has deliberately walked our economy right to the edge of fiscal cliff. >> he said democrats are slow walking the economy to the fiscal cliff, yet, this is the same republican leadership that has the house in session barely a day. barely a full day this week. >> the fiscal cliff is the term that is given to a set of spending cuts and tax increases that will take effect in january if congress does not act to stop them. >>> investigators are trying to determine what happened before a football fan fell or jumped from the third deck at the oakland coliseum. he fell to the concourse during last night's broncos, raiders game and taken to the hospital with serious injuries. they called it an accident and it remains under investigation. >> the rails are like three to 4 feet. if you don't pay attention, you can fall. he fell
john boehner and president obama and nancy pill low city blamed the republicans. >> we had a serious proposal based on president clinton's chief of staff. there is no counter offer from the white house. unstead, reports indicate that the president -- instead, the president has deliberately walked our economy right to the edge of fiscal cliff. >> he said democrats are slow walking the economy to the fiscal cliff, yet, this is the same republican leadership that has the house in...
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Dec 12, 2012
12/12
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KRON
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so far president obama and republicans have not been able to work out a budget compromise. senate majority leader and henry reed said he does not expect a deal before christmas. >> the city of lafayette is of an advancing: open up after lee's last weekend's storm repaired by christmas. the job has hired emergency contractors d.c. meyers for the job. that simple form on mountain view road drive after a storm drain failed. it was initially thought the road would be closed for the entire winter. they thought it would be months. with c.c. meyers it will be quicker. the cleanup and repairs related to water pipe break that center river mud flowing into daly city neighbor unless mother expected to cost about a million dollars. yesterday the city council approved setting aside over $990,000 to repay for repairs to the hillside above the homes on a blues and ave. repairs will also be made to the aid and water main that cracked open november 13th. city officials say the funding for these repairs will come from money already collected from residents' water bills. >> it is 6:36 a.m. an
so far president obama and republicans have not been able to work out a budget compromise. senate majority leader and henry reed said he does not expect a deal before christmas. >> the city of lafayette is of an advancing: open up after lee's last weekend's storm repaired by christmas. the job has hired emergency contractors d.c. meyers for the job. that simple form on mountain view road drive after a storm drain failed. it was initially thought the road would be closed for the entire...
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Dec 12, 2012
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so far, obama and republicans have not been able to work out a budget compromise. >> this 12-12-12 we are getting sunshine but some showers on the back end. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose from speeds up to 24 megs. [ female announcer ] and with u-verse tv you can record four shows at once on your total home dvr and play them back in any room. [ male announcer ] so call now. u-verse triple-play bundles start at $89 a month. now get
so far, obama and republicans have not been able to work out a budget compromise. >> this 12-12-12 we are getting sunshine but some showers on the back end. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a...
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Dec 12, 2012
12/12
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so far president obama and republicans and not able work out a budget compromise. they appear to be getting closer and how much to cut from the federal budget and how much tax revenue to raise. at the same time we're here from house democrats that the deal may not be done by christmas. >> and world news north korea's launch of a long- range rocket and satellite is sparking international outrage this morning. the white house is calling the launch " a highly provocative act that threatens regional security on " south korean and japanese officials think the launch is a cover for the test of the ban ballistic missile. japan filed a strong protest with north korea and is looking to the united nations security council for consultations on the launch. the associated press is reporting that an undermanned american space experts as the rocket launch put a satellite into orbit. >> the united states is following france and the united kingdom and recognizing the new syrian opposition coalition as the " sole legitimate representative of " of the syrian people. the recognition c
so far president obama and republicans and not able work out a budget compromise. they appear to be getting closer and how much to cut from the federal budget and how much tax revenue to raise. at the same time we're here from house democrats that the deal may not be done by christmas. >> and world news north korea's launch of a long- range rocket and satellite is sparking international outrage this morning. the white house is calling the launch " a highly provocative act that...
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Dec 10, 2012
12/12
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KPIX
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out on the road pushing his plan to avoid it, some republicans are pushing party leaders to give into his top demand. cbs 5 reporter danielle nottingham explains why. >> reporter: president obama headed to detroit this morning to seek support from auto workers for his plan to raise taxes on the wealthiest americans. the the president's latest campaign-style appearance follows a weekend white house style meeting with house speaker john boehner. both sides remain hopeful but little progress was made. if the president and speaker boehner can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up, and across the board spending cuts will kick in on january 1st. economists say that combination would plunge the country back into a recession. >> reporter: there are signs some republicans will willing to compromise on taxes if they can secure cut to social security, medicare and medicaid. >> give the president the 2% increase that he is talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlement. >> reporter: one proposal u
out on the road pushing his plan to avoid it, some republicans are pushing party leaders to give into his top demand. cbs 5 reporter danielle nottingham explains why. >> reporter: president obama headed to detroit this morning to seek support from auto workers for his plan to raise taxes on the wealthiest americans. the the president's latest campaign-style appearance follows a weekend white house style meeting with house speaker john boehner. both sides remain hopeful but little progress...
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Dec 5, 2012
12/12
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KPIX
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house speaker john boehner offered a republican proposal this week. but president obama quickly dismissed it because it includes no tax increase for the wealthiest americans. >> the speaker's proposal right now is still out of balance. >> there's only one person out of 307 million americans who can sign something into law. that's the president. >> a "washington post" poll shows 53% of americans will blame republicans if the nation goes over the so-called "fiscal cliff." 29% would hold the president responsible. >>> shares of pandora media fell nearly 20% in after-hours trading on a disurge asking outlook for their current quarter. the oakland-based internet radio company says it expects to lose between 6 and 9 cents a share in the 4th quarter. they reported 3rd quarter profits tripled to $2 million. that worked out to a penny a share and apparently not enough. >>> "star wars" franchise is officially gone to disneyland. federal regulators have cleared disney's $4 billion purchase. lucasfilm. filmmaker empire behind the "star wars" franchise. sale was a
house speaker john boehner offered a republican proposal this week. but president obama quickly dismissed it because it includes no tax increase for the wealthiest americans. >> the speaker's proposal right now is still out of balance. >> there's only one person out of 307 million americans who can sign something into law. that's the president. >> a "washington post" poll shows 53% of americans will blame republicans if the nation goes over the so-called "fiscal...
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president obama says there will be no deal unless republicans drop opposition to raising taxes on wealthyest americans. we have more now from washington, d.c.. >> was the white house and congressional republicans put forward a plan to avoid the fiscal cliff, now, they're miles apart, gaining in their heels. the president told bloomberg tv a deal is possible, but... >> this proposal now is still out of balance. >> the plan sent yesterday offers a total of 2 tth $2 trillion in deficit reduction including $1.2 trillion in spending cuts. and00 billion in new tax revenue no. rate increases in top two percent of taxpayers. that is nonnegotiatable for the president. >> we're not going to be able to get a deal without it white house says the math doesn't add up. >> it's magic beebs and fairy dust. >> with just 28 days until deadline, negotiations reach aid stalemate. >> there is nothing going on privately that is not going on publicly. >> there are no plans at this time for leaders to meet with the president at the while the house. it doesn't sound like he's sending out invitations any type soon. >>
president obama says there will be no deal unless republicans drop opposition to raising taxes on wealthyest americans. we have more now from washington, d.c.. >> was the white house and congressional republicans put forward a plan to avoid the fiscal cliff, now, they're miles apart, gaining in their heels. the president told bloomberg tv a deal is possible, but... >> this proposal now is still out of balance. >> the plan sent yesterday offers a total of 2 tth $2 trillion in...
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Dec 8, 2012
12/12
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speaker of the house john boehner is waiting to hear a counter offer from president obama since the republican plan was delivered on monday. >> reports indicate the president adopted a strategy to slow walk our economy to the edge othe fiscal cliff. -- edge of the fiscal cliff. >> vice president joe biden said a deal could be done in 15 minutes. he made the comments during a lunch with people the white house described as middle class. >> couple hundred bay area senior citizens made noise today about the fiscal cliff. [ music playing ] >> they held a flash mob in front of the federal building in downtown san francisco. they are rallying for social security, medicare and medicare. they support the president's plan. >>> another winner. what we know about the latest person to claim a huge power ball jackpot. >> the weather is looking nice. the warmest day of the weekend and when shower chances >>> parents of two students are complaining the school isn't doing enough to protect the children from bullying at cooper elementary school. one parent said her daughter is being tormented. her daughter wrot
speaker of the house john boehner is waiting to hear a counter offer from president obama since the republican plan was delivered on monday. >> reports indicate the president adopted a strategy to slow walk our economy to the edge othe fiscal cliff. -- edge of the fiscal cliff. >> vice president joe biden said a deal could be done in 15 minutes. he made the comments during a lunch with people the white house described as middle class. >> couple hundred bay area senior citizens...
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Dec 9, 2012
12/12
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goes over the fiscal cliff. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts in programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to make more entitlement spending cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker boehner announced the talks were stalled. >> well, this isn't a progress report, because there's no progress to report. >> reporter: his democratic counterpart nancy pelosi blamed boehner for the stalemate. >> what they offered in return was an empty letter, lacking in specifics. >> reporter: such is the state of negotiations, 23 days before the deadline, when federal income tax will revert to higher levels, and long-term unemployment benefits will dry up for over two million americans who have been out of work for six months or more. on friday, boehner did not rule out a compromise on a tax hike for top earners, somewhere between today's 35% rate and the clinton era's 39.6%. >> there are a
goes over the fiscal cliff. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts in programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to make more entitlement spending cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker boehner announced the talks were stalled. >> well, this isn't a progress...
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Dec 10, 2012
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the republicans believe they could have leverage. president obama will need help with another debt ceiling increase in february. experts say republicans will most likely use that as leverage for deeper cuts. over the weekend, more republicans came in and said they believe there will be -- there will need to be tax increases on the wealthy in order for there to be a deal. experts say the line of communications are open. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >> thank you, alison. >>> the number 47 seems to follow, mitt romney -- seems to follow mitt romney. a new poll shows that 47% of americans viewed romney and his former running mate, paul ryan, favorably. in the final tally, romney won 47% of the popular vote in the presidential election. all of this comments romney's comment to donors that 47% of the nation would never vote for them because they are too dependent on government services. >>> north korea just extended the launch period for a controversial rocket launch. now, the u.s. believes north
the republicans believe they could have leverage. president obama will need help with another debt ceiling increase in february. experts say republicans will most likely use that as leverage for deeper cuts. over the weekend, more republicans came in and said they believe there will be -- there will need to be tax increases on the wealthy in order for there to be a deal. experts say the line of communications are open. reporting live from washington, d.c., alison burns, ktvu channel 2 news....
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Dec 12, 2012
12/12
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he said he and president obama talked and said it is clear that serious differences remain. republicans want tax cuts and reduced spending on programs. >>> they hopefully will remember this wedding anniversary date. 12/12/12. >> witness the marriage today. >> at courthouses al around the to get married. one couple came to the courthouse found all the bookings in city hall were taken. it is the same month, day and year are considered lucky. >>> today on channel news at five. this is a live look from chopper two. lots of officers. oakland police. told us this is a marijuana grow house. they found 700 plants in and cash. and reporter is just getting to the scene. what we learned about the bust and tied to the grow operation at five. thank you for trusting the news at ktvu. >-.y÷$@y+o3vhpe
he said he and president obama talked and said it is clear that serious differences remain. republicans want tax cuts and reduced spending on programs. >>> they hopefully will remember this wedding anniversary date. 12/12/12. >> witness the marriage today. >> at courthouses al around the to get married. one couple came to the courthouse found all the bookings in city hall were taken. it is the same month, day and year are considered lucky. >>> today on channel news...
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Dec 6, 2012
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obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary geithner's comments about going over the cliff. the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me-- or do not used words like "curt," "frank" and "direct" meaning it was probably more gentle. also i'm told scott this is no longer a time for check-in phone calls between these two leaders. everything now is substantive about the underlying merit of what treasury secretary geithner. republicans believe this can be done through tax loopholes not raising rates on the wealthiest americans. >> pelley: we asked chip reid to vi
obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary geithner's comments about going over the cliff. the...
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Dec 8, 2012
12/12
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speaker of the house john boehner is waiting to hear a counter offer from president obama since the republican plan was delivered on monday. >> reports indicate the president adopted a strategy to slow walk our economy to the edge othe fiscal cliff. -- edge of the fiscal cliff. >> vice president joe biden said a deal could be done in 15 minutes. he made the comments during a lunch with people the white house described as middle class. >> couple hundred bay area senior citizens made noise today about the fiscal cliff. [ music playing ] >> they held a flash mob in front of the federal building in downtown san francisco. they are rallying for social security, medicare and medicare. they support the president's plan. >>> another winner. what we know about the latest person to claim a huge power ball jackpot. >> the weather is looking nice. the warmest day of the weekend and when shower chances return in the five-day forecast. >> parents complain their daughters are being bullied. we will tell you what is happening at a middle school. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u
speaker of the house john boehner is waiting to hear a counter offer from president obama since the republican plan was delivered on monday. >> reports indicate the president adopted a strategy to slow walk our economy to the edge othe fiscal cliff. -- edge of the fiscal cliff. >> vice president joe biden said a deal could be done in 15 minutes. he made the comments during a lunch with people the white house described as middle class. >> couple hundred bay area senior citizens...
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Dec 8, 2012
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. >>> this morning, president barack obama and a republican are in the oval office and clashing over taxes. >> and if we're serious about protecting middle class families, then we have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> in the weekly address, the president says he will work with the gop on spending cuts, if they agree to higher taxes on the wealthy and a middle class tax cut. this marks the fourth time since re-election that he used the weekly address to push for a middle class tax cut to avert the fiscal cliff. >> we must reform uncomplicated tax code by getting rid of unjustified loopholes. but the goal should be to generate new revenue by creating new taxpayers, not new taxes. >> in the republican response, marco rubio commenting that raising taxes will not solve the $16 trillion debt. a potential presidential candidate in 2016, he says only economic growth and reforming programs can control the debt. >>> former florida governor which are lee crist says he is a democrat now. he made the announcement last night an
. >>> this morning, president barack obama and a republican are in the oval office and clashing over taxes. >> and if we're serious about protecting middle class families, then we have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> in the weekly address, the president says he will work with the gop on spending cuts, if they agree to higher taxes on the wealthy and a middle class tax cut. this marks the fourth time...
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. >>> in washington republicans and democrats far from a deal. sunday a slight ray of hope as mr. obama and house -- speaker boehner met face-to-face. >>> for the first time we are hearing from the australian deejays who made that prank call tied to the sued side -- tied to the suicide of the british nurse. they are calling it unexpected and shocking. >> if we had any idea that something like this could have been possible to happen, we couldn't see this happening, it was meant to be a prank call. >> the deejays -- [ unintelligible ] coming up, our kira klapper will have more on this just released interview and also the fact that they just term nated the show today plus the reason kate middleton might have to -- have to go back to the hospital. >>> apple's mapping app is coming with a safety warning for users downunder. police in australia are asking drivers to avoid using the app. officers say they've had to rescue several people who got stranded when the app led them to the wrong place in some cases drivers were stranded more than 24 hours with no food or water. the ceo publicly
. >>> in washington republicans and democrats far from a deal. sunday a slight ray of hope as mr. obama and house -- speaker boehner met face-to-face. >>> for the first time we are hearing from the australian deejays who made that prank call tied to the sued side -- tied to the suicide of the british nurse. they are calling it unexpected and shocking. >> if we had any idea that something like this could have been possible to happen, we couldn't see this happening, it was...
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his republican challenger mitt romney was close behind. $1.1billion. now the record setting amounts don't include the hundreds of millions sent by super packs on ads. >>> it was called the zombie apocalypse. why this simulation at a homeland security area is being called a waste of taxpayer money. >>> mountain view police need your help identifying a woman suspected of stealing thousands of dollars from other people's bank accounts. they released surveillance photos which were taken in september. investigators say the woman is in impersonating a customer at a wells fargo bank. according to police she made unauthorized withdrawals totaling $20,000. now take a look. if you recognize her please call mountain view police. >>> time is 5:16. just when labor negotiations were looking up, all hope for saving the nhl season right foul looks like it's lost. negotiations in new york broke down last night. the nhl took almost everything it had proposed right off the table. it also turned down the latest proposal by the nhl players. now the season is really in dang
his republican challenger mitt romney was close behind. $1.1billion. now the record setting amounts don't include the hundreds of millions sent by super packs on ads. >>> it was called the zombie apocalypse. why this simulation at a homeland security area is being called a waste of taxpayer money. >>> mountain view police need your help identifying a woman suspected of stealing thousands of dollars from other people's bank accounts. they released surveillance photos which were...
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republicans and the white house sent to have finally found some common ground both sides agreeing that tax revenue and reductions in entitlement spending for programs like medicare are key elements of this bill. republicans may be softening on raising taxes for the wealthy americans. the white house may be bending on accepting greater spending cuts for medicare and possibly raising the medicare retirement age 65 age from 65 to 67. >> thank you mark. we will take a quick break the time is 6:38. we are following the weather. we have quite a bit of rain coming down quite a bit in the bay area especially in the east bay. george is following a hot spot in interstate 80, a backup sonically basically from berkeley up to the cartoonist bridge. george will let us know why and what is going (male announcer): live from the bay area this is the kron 4 morning news. kron 4 news starts now. >> thanks for watching kron fours bay area news channel. here are the top stories we're following a man accused of kidnapping, we're following a man accused of kidnapping, beating, risk girl. authorities (car hor
republicans and the white house sent to have finally found some common ground both sides agreeing that tax revenue and reductions in entitlement spending for programs like medicare are key elements of this bill. republicans may be softening on raising taxes for the wealthy americans. the white house may be bending on accepting greater spending cuts for medicare and possibly raising the medicare retirement age 65 age from 65 to 67. >> thank you mark. we will take a quick break the time is...
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the nation to go over the fiscal cliff at the end of the year, if republicans don't agree to raise taxes on the wealthy. >>> and maybe abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's another historic first in washington overnight. it is now legal to buy and possess pot. the law, though, bans public use of marijuana, like drinking in public. and it's against the wall to sell pot. the state is trying to work out a system to license growers. >>> and with that, we'll take a look -- >> you can't buy it or sell it. >> time, now, for the weather across the country. showers from portland to seattle. up to eight inches of snow in the northern cascades and rockies. mild in the nation's midsection. pop-u
the nation to go over the fiscal cliff at the end of the year, if republicans don't agree to raise taxes on the wealthy. >>> and maybe abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed....
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later in the day president obama will address a conference of native american tribal leaders. both groom groups say they are concerned about automatic tax increases and spending cuts that will kick in come january 1st if congress doesn't act. both republicans and democrats say -- with the wars in iraq and afghanistan ending, there is support for cutting back on military spending. but many lawmakers want to avoid the automatic across the board cuts and defense budget that will kick in january 1st if congress doesn't act. they would prefer to make strategic cuts. >>> nudist are planning a city against san francisco. against-- planning a protest against city hall. they had to cover half a dozen nudist. the board voted 6-5 for final approval of a ban on public nudity. >> there is no evidence anywhere in science or any kind of research any legitimate research that nudity harms anybody. >> it's a very narrow piece of legislation having to do with our limited public spaces and public transportation. >> mayor ed lee is expected to sign the ordnance that will take effect in february. t
later in the day president obama will address a conference of native american tribal leaders. both groom groups say they are concerned about automatic tax increases and spending cuts that will kick in come january 1st if congress doesn't act. both republicans and democrats say -- with the wars in iraq and afghanistan ending, there is support for cutting back on military spending. but many lawmakers want to avoid the automatic across the board cuts and defense budget that will kick in january...
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. >> republicans want to increase the eligibility age for medicare lower a cost of living. president obama's plan raising taxes but medicare and social security will be largely spared. the budget cuts. we're getting an idea about possible long term impact tax increases voter as proved in proposition 30 could have on state economy. abc 7 news joins us live now with the story. nannette? >> well, higher taxes are not expected to be a major hit to the economy. if you're looking for a job it's hard to hear about a possible slow down in highering. governor brown got voters last month to approve proposition 30. a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that sometime. it change behaviors. it's dampening economic recovery. >> the forecast estimates payroll growth hovering between 1% and 2% in next two years. it predicts the rate will average 10.5% by the end of the year,
. >> republicans want to increase the eligibility age for medicare lower a cost of living. president obama's plan raising taxes but medicare and social security will be largely spared. the budget cuts. we're getting an idea about possible long term impact tax increases voter as proved in proposition 30 could have on state economy. abc 7 news joins us live now with the story. nannette? >> well, higher taxes are not expected to be a major hit to the economy. if you're looking for a...
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. >>> treasury secretary timothy geithner said the obama administration will reject a budget deal that doesn't include higher taxes for the wealthiest 2% of americans. >> and the "fiscal cliff" deadline is now a day closer and still no deal between the president and republicans. political reporter grace lee is live in the newsroom with what this gridlock could cost californians. grace. >> reporter: well, liz, now we have some very real numbers that's what's at stake if we go over the "fiscal cliff." the daily democrat predicts that our state could lose $4.5 billion and lose about 200,000 jobs and with 26 days until that deadline, the painful reality is just becoming more clear. >> at 3:00, they want to start us closing on wednesday at noon. >> reporter: a social security employee for 30 years he is joining fellow federal workers across the u.s. to spread the word that the "fiscal cliff" is looming and at stake, social security benefits for millions. >> they seem to go for the people who had the least political pull, poor, disabled, people in east oakland. >> reporter: people like a soc
. >>> treasury secretary timothy geithner said the obama administration will reject a budget deal that doesn't include higher taxes for the wealthiest 2% of americans. >> and the "fiscal cliff" deadline is now a day closer and still no deal between the president and republicans. political reporter grace lee is live in the newsroom with what this gridlock could cost californians. grace. >> reporter: well, liz, now we have some very real numbers that's what's at...
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. >>> still no signs of progress between republicans and democrats as the year-end deadline to avoid tax hikes and spending cuts inches closer. no face-to-face talks are scheduled at this time. but as danielle nottingham reports, president obama is continuing his push to sell to the american public. >> reporter: house members left the capitol in the middle of the fiscal fight. they're not due back until next week. but house speaker john boehner is staying behind, ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican propoise -- proposal because it does not raise taxes on households making more than $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> the revenues we're putting on the table are going to come from, guess who? the rich. >> reporter: republicans say if bush-era tax cuts are not extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make their point. >> max olson opened an shrpses compa
. >>> still no signs of progress between republicans and democrats as the year-end deadline to avoid tax hikes and spending cuts inches closer. no face-to-face talks are scheduled at this time. but as danielle nottingham reports, president obama is continuing his push to sell to the american public. >> reporter: house members left the capitol in the middle of the fiscal fight. they're not due back until next week. but house speaker john boehner is staying behind, ready to sit...
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republicans say that's not good enough. they are holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. >> we are going to stay here right up until christmas eve throughout the time and period before the new year because we want to make sure that we resolve this in an acceptable way for the american people. >> meanwhile, fed chairman ben bernanke says the threat of the "fiscal cliff" is creating uncertainty in the economy. >> going home, guys. see you later. >> no comment from new jersey governor chris christie. but he did open up to barbara walters about his weight. he admitted that he is more than a little overweight but he says he has done thinks job well. christie says his size isn't something that would keep him from a run for the white house. it is rumored he is considering a presidential bid in 2016. if he does run, he might go up against secretary of state hillary clinton. also speaking to barbara walters, clinton says she does not plan to run bu
republicans say that's not good enough. they are holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. >> we are going to stay here right up until christmas eve throughout the time and period before the new year because we want to make sure that we resolve this in an acceptable way for the american people. >> meanwhile, fed chairman ben bernanke says the threat of the "fiscal cliff" is creating...
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president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk of the jobs are in global operations. it is unclear how many jobs will be lost here in the united states. >>> i already calc
president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a...
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. >> creating jobs -- >> reporter: president obama and house speaker john boehner spoke on the phone wednesday but publicly are holding firm on their positions. the white house has made clear the country could go over the cliff if republicans refuse to raise taxes on the top 2% of american earners. >> to do that to 98% of the american people, because of an insistence that the wealthiest americans get a tax cut would be profoundly wrong. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks but bush-era tax cuts must be extended to all americans. >> reporter: the standoff and debt concerns ryan. so much so, that he is the guy if the suit dancing gangnam style with former senator alan simpson. the group the can kicks back is working to get young people involved in fixing the debt crisis. >> we are trying to connect with our generation in a different way using humor to hook them in and get them to learn about this issue and understand how it affects their lives. >> reporter: the grassroots campaign wants to sign up more than 2 million people to push pres
. >> creating jobs -- >> reporter: president obama and house speaker john boehner spoke on the phone wednesday but publicly are holding firm on their positions. the white house has made clear the country could go over the cliff if republicans refuse to raise taxes on the top 2% of american earners. >> to do that to 98% of the american people, because of an insistence that the wealthiest americans get a tax cut would be profoundly wrong. >> reporter: republican leaders...
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. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making more than $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> now, the revenues were put in. going to come from, guess who? the rich. . >> reporter: health republicans say if bush era tax cuts aren't extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make their point. >> reporter: max olsen opened an insurance company this year and is concerned he won't be able to add employees. >> you add their payroll, plus an extra tax amount. then i might not be able to hire them because of it. >> reporter: president obama pressed his case tuesday with ceos of some of the country's largest companies. >> and i'm here to tell you that nobody wants to get this done more than me. >> reporter: the president says he wants to raise tax rates on just about everyone in the room to balance the budget. >> we're not insisting on rates. just out of spite or out of any kind of partisan bickeri
. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making more than $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> now, the revenues were put in. going to come from, guess who? the rich. . >> reporter: health republicans say if bush era tax cuts aren't extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make...
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the obama administration called the launch a provocative act. >> house republican leaders are pressing president obama to come up with a plan they can accept for spending cuts and tax revenues to avoid the so called fiscal cliff. time is running out now for both parties to reach a compromise. we have the latest. >> the deadline to avoid the fiscal cliff is december 316789 lawmakers have less time if they want get something together that congress can pass and the president can sign. >> the longer the white house road blocks this discussion, closer our economy gets to the fiscal cliff. >> in an interview, the president was optimistic a deal can be reached. >> i'm confident republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> monday night, white house sent speaker boehner on offer including $1.2 trillion in new revenue. yesterday, boehner sent a counter proposal back but looked almost exactly like their original plan. $800 in new revenue continues to be the sticking point. tax rates on the top earners. republicans insist the whit
the obama administration called the launch a provocative act. >> house republican leaders are pressing president obama to come up with a plan they can accept for spending cuts and tax revenues to avoid the so called fiscal cliff. time is running out now for both parties to reach a compromise. we have the latest. >> the deadline to avoid the fiscal cliff is december 316789 lawmakers have less time if they want get something together that congress can pass and the president can sign....
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today president obama sms obsessed with raising tax. >>> we feel that's not the right direction to go, but we also feel that in that obsession is what he's about then let's at least do something about the spending problem. >> at the same meeth house speaker john baner said republicans have made a reasonable offer to the president with a balanced plan to raise revenues and cut spending. during a fla tla debate on the fiscal cliff today, the house will not adjourn for the holidays until they have reach add deal. >>> on wall street today it was a mixed day on the market. the dow jump td almost 83 points t. nasdaq fell about 23 points and the s & p 500 was up a little more than two points. >>> anger over action by egypt's new president turned into another violent protest today outside the presidential pals a. there are reports some demonstrators broke through barbed wire and hurled chairs and rocks at police and that people in support of the president beat some protesters with clubs. president morsey angered many people with the decree last month that gave him more power. secretary of sta
today president obama sms obsessed with raising tax. >>> we feel that's not the right direction to go, but we also feel that in that obsession is what he's about then let's at least do something about the spending problem. >> at the same meeth house speaker john baner said republicans have made a reasonable offer to the president with a balanced plan to raise revenues and cut spending. during a fla tla debate on the fiscal cliff today, the house will not adjourn for the holidays...
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president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk of the jobs are in global operations. it is unclear how many jobs will be lost here in the united states. >>> i already calc
president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a...
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republicans have been equally dismissive of the last proposal from the president. tax rates on the wealthy remain the key sticking point between both sides. after a white house meeting tuesday, a bi- partisan group of governors expressed hope that an agreement will be reached soon. experts forecast economic turmoil in january, if a deal is not reached. >> john boehner took a break from the negotiations to help light of the christmas tree. eagle scout, from colorado springs helped out and there is. the crowd in cheers and the u.s. air force played " a christmas tree " and other holiday classics. this is a spruce tree from call rental white river national forest. it has 10,000 lights, ornaments and will be let in each night until the day after christmas. >> we are going to take a look at the golden gate bridge. dry roadways. the bulk of the wet weather is to the north. it is going to pick up in intensity, overnight. it will impact certain areas to more with moderate/heavy downpours. it could try out at night and it looks like that we will have a drying trend with the
republicans have been equally dismissive of the last proposal from the president. tax rates on the wealthy remain the key sticking point between both sides. after a white house meeting tuesday, a bi- partisan group of governors expressed hope that an agreement will be reached soon. experts forecast economic turmoil in january, if a deal is not reached. >> john boehner took a break from the negotiations to help light of the christmas tree. eagle scout, from colorado springs helped out and...
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obama might cave to republicans, their biggest fear, the president will do what he considered in 2011, raise the eligibility age for medicare, a top house democrat monday warned the white house to tread lightly. >> now that would save a lot of money for the federal government and look good on the balance sheet but he's not going to vote for it and i'm not going to vote for it. >> reporter: this is a big part of the story to come. if there's a deal that's a huge break-through but lawmakers still have to vote for it and democrats oppose large structural cuts to medicare and most republicans oppose income tax rates on the so-called wealthy. that's why lawmakers were told not to make big fiscal travel plans because the crisis could go to new year's eve. >> political director john dickerson joins us. how does a unionized state like michigan become a right to work state and what does it say about the politics of the country today? >> well, it becomes a right to work state by having a legislature that's dominated by republicans, and this is, it's extraordinary. we just had an election which
obama might cave to republicans, their biggest fear, the president will do what he considered in 2011, raise the eligibility age for medicare, a top house democrat monday warned the white house to tread lightly. >> now that would save a lot of money for the federal government and look good on the balance sheet but he's not going to vote for it and i'm not going to vote for it. >> reporter: this is a big part of the story to come. if there's a deal that's a huge break-through but...
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give and to president obama as the man to raise tax rates at all where income levels. geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the statement was stunning and irresponsible. egest republic golegest republis ordered protesters supporting and opposing president mohammed morsi to leave the area around the presidential palace that has been the site of fierce clashes. the guard gave broad protesters on both sides time to clear out. >> the death toll from the typhoon hit the southern philippines has climbed to 350 people today. it hit hardest in the southern philippines where entire families were washed away. and the four injured people are still missing. nato has called on north korea to cancel its plans for a second rocket launch. ambassador stated yesterday that it wants would violate u.n. resolutions and could be is that the stabilize the korean peninsula. russia and china are urging north korea to not proceed with the planned rocket launchers. >> it is now 948 and chan
give and to president obama as the man to raise tax rates at all where income levels. geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the statement was stunning and irresponsible. egest republic golegest republis ordered protesters supporting and opposing president mohammed morsi to leave the area around the presidential palace that has been the site of fierce clashes. the guard gave broad...
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from a home in virginia president obama sat with a middle class family he says will be hit hard if congress doesn't extend middle class tax cuts. >> for them to be burden unthis isly because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to close tax loopholes and limit some deductions. they say the president needs to deliver a new plan they can agree on before the january 1 deadline. >>> stocks inched up as investors kept and eye on washington. the dow was up around 40, nasdaq up 16, s&p saw a 5 point increase. >>> the dungeness crab season has hit a snag. local crabbers are refusing to fish for the northern california delicacy after a new price fight with the wholesalers. the cbs 5 reporter anne makovec shows us the solidarity on the docks is being tested. >> strike last year this boat. >> right. >> well, you got go fishing. nobody is making money. >> you got go fishing. >> reporter: tensions are high on pier 45 where a lone crab boat came in this
from a home in virginia president obama sat with a middle class family he says will be hit hard if congress doesn't extend middle class tax cuts. >> for them to be burden unthis isly because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to close tax loopholes and limit some deductions. they say the president needs to deliver a new plan they...
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that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected to rise. 23 of the people drowned in flooding caused by the typhoon. the storm made landfall yesterday and some 60,000 people have fled to emergency shelters. the crowded shelters in this
that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come...
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. >>> president obama says a budget deal could be reached in a week if republicans accept higher taxes for the wealthy he was 2% of americans. but that "fiscal cliff" deadline is less than four weeks away and still no deal between the president and republicans. cbs 5 political reporter grace lee on what this gridlock could cost californians. >> reporter: basically, it could cost us billions. the daily democrat estimates that if no deal is reached and we go over the "fiscal cliff," our state could lose out on $4.5 billion of federal money and lose 200,000 jobs. and this can hit the lower middle class with a one-two punch a combination of unemployment and fewer social safety nets. >> they want us to close on wednesday at noon. >> reporter: a social security employee for 30 years is joining fellow federal workers across the u.s. to spread the word the "fiscal cliff" is looming and at stake social security benefits for millions. >> they seem to go for the people who had the least political pull, in other words poor and disabled and people here in east oakland. >> reporter: like this social
. >>> president obama says a budget deal could be reached in a week if republicans accept higher taxes for the wealthy he was 2% of americans. but that "fiscal cliff" deadline is less than four weeks away and still no deal between the president and republicans. cbs 5 political reporter grace lee on what this gridlock could cost californians. >> reporter: basically, it could cost us billions. the daily democrat estimates that if no deal is reached and we go over the...
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. >> in the midst of a standoff with capitol hill republicans, president obama told bloomberg news that the latest plan put forth by house speaker john boehner, simply doesn't add up. the >> speaker's proposal right now is still out of balance. he talks about, for example, eight hundred billion dollars worth of revenues but he says he will do that by lowering rates. when you look at the math, it does does not work. >> not work. as negotiations as negotiations to avoid the so-called "fiscal cliff" continue, republicans were equally dismissive of the last proposal from the president. >> his proposal was so outlandish i don't think we should go back to the table until he puts something there that we can work with. >> the key sticking point between the two sides hasn't changed -- tax rates for the wealthy. >> the math is clear. the only way to accomplish these things is to allow the rates to go up on the top 2 percent of taxpayers.// >> he's punishing success. we'll put at risk the economic growth that we really need to create the jobs, to create taxpayers and to create the revenue we need
. >> in the midst of a standoff with capitol hill republicans, president obama told bloomberg news that the latest plan put forth by house speaker john boehner, simply doesn't add up. the >> speaker's proposal right now is still out of balance. he talks about, for example, eight hundred billion dollars worth of revenues but he says he will do that by lowering rates. when you look at the math, it does does not work. >> not work. as negotiations as negotiations to avoid the...
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republicans for blocking a bill to resolve the fiscal cliff crisis. congress has not compromised on whether taxes should be raised on wealthy americans to help reduce the deficit. latest version of the plan would prevent a tax hike on the first quarter million dollars of a person's earning. >> the wealthiest americans would get a tax cut on first $250,000 and families everywhere would enjoy peace of mind. senate has done their part. we're waiting for republicans and so far they have put unballoted plan that lowers rates for the wealthy americans. >> marco rubio says it will not reduce the nation's $16 trillion debt. >> officials for the proposed sonoma marin smart train are looking to get federal funding to buy more train cars. smart train is committed to go to cloverdale and larkspur but more rail cars would be needed. they report that money force the cars would come out of the budget for pedestrian and bicycle paths. bicycle advocates say it will take away two-thirds of their funding setting the plan back five years. >> three women who dined at a st
republicans for blocking a bill to resolve the fiscal cliff crisis. congress has not compromised on whether taxes should be raised on wealthy americans to help reduce the deficit. latest version of the plan would prevent a tax hike on the first quarter million dollars of a person's earning. >> the wealthiest americans would get a tax cut on first $250,000 and families everywhere would enjoy peace of mind. senate has done their part. we're waiting for republicans and so far they have put...
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to the republican plan he rejected. >> i'm going to need a response from the white house. we can't negotiate with ourselves. >> the president and boehner spoke on the phone wednesday. republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person here at capitol hill or at the white house there will be no deal without a compromise on taxes. >> i'm obsession to raise taxes is not going to solve the problem. >> timothy gitner said the white house is willing to go over the fiscal cliff if the gop doesn't agree to raise taxes on the top 2% of corners. the parties position seems unchangeable. >> speaker boehner took a position i think the day after the campaign that said we're willing to bring in revenue but not being to take a risk. >> the president said they could reach a deal within a week. >> the white house budget officer is issuing an order to prepare for more than $100 billion in spending cuts in a compromise cannot be reached before the deadline. >>> changes are coming to the national hu
to the republican plan he rejected. >> i'm going to need a response from the white house. we can't negotiate with ourselves. >> the president and boehner spoke on the phone wednesday. republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person here at capitol hill or at the white house there will be no deal without a compromise on taxes. >> i'm obsession to raise taxes is not...
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. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> the revenues on the table are going to come from guess who? the rich. >> reporter: they say if the bush-era tax cuts aren't extended for everyone, it will hurt everyone. and they invited people here to make their point. >> reporter: max olson opened an insurance company this year and is concerned he won't be able to add employees. >> you add their payrolls, plus an extra tax amount, then i may not be able to hire them because of it. >> reporter: president obama pressed his case tuesday, with ceos from some of the largest companies. >> i'm here to tell you, nobody wants to get it done more than me. >> reporter: the president wants to raise taxes on just about everyone in the room to balance the budget. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> reporter: the pre
. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> the revenues on the table are going to come from guess who? the rich. >> reporter: they say if the bush-era tax cuts aren't extended for everyone, it will hurt everyone. and they invited people here to make their point. >> reporter: max olson opened an...
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Dec 7, 2012
12/12
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. >>> president obama visited a family in virginia who had written to him about the issue. the president said he was encouraged that republicans agonologied the need for additional revenue but he is not backing down on his demand that top earners pay more taxes. >> as i've indicated the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. >> instead of 65, it would be 67. polls show many americans are willing to consider that idea. >> the 2012 u.s. presidential race set a new record in campaign spending. finance filings released today show the cost of the race surpassed $2 billion. they include almost $86 million by republican presidential nominee mitt romney in the final weeks of the election. that final paoás -- boost posted the campaign total to a record high. >>> the network grew from july to september. that's a 2.7% increase to $64.8 trillion. network is still prerecession peak. a good reason why the reserve will provide better economic stimulus.
. >>> president obama visited a family in virginia who had written to him about the issue. the president said he was encouraged that republicans agonologied the need for additional revenue but he is not backing down on his demand that top earners pay more taxes. >> as i've indicated the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. >> instead of...
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Dec 7, 2012
12/12
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. >>> president obama visited a family in virginia who had written to him about the issue. the president said he was encouraged that republicans agonologied the need for additional revenue but he is not backing down on his demand that top earners pay more taxes. >> as i've indicated the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. >> instead of 65, it would be 67. polls show many americans are willing to consider that idea. >> the 2012 u.s. presidential race set a new record in campaign spending. finance filings released today show the cost of the race surpassed $2 billion. they include almost $86 million by republican presidential nominee mitt romney in the final weeks of the election. that final paoás -- boost posted the campaign total to a record high. >>> the network grew from july to september. that's a 2.7% increase to $64.8 trillion. network is still prerecession peak. a good reason why the reserve will provide better economic stimulus.
. >>> president obama visited a family in virginia who had written to him about the issue. the president said he was encouraged that republicans agonologied the need for additional revenue but he is not backing down on his demand that top earners pay more taxes. >> as i've indicated the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. >> instead of...
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Dec 11, 2012
12/12
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the president and the house republicans have just three weeks to find a compromise to stop automatic tax hikes and spending cuts, and both sides say they are ready to talk. cbs 5's danielle nottingham on what might be the key to the solution. >> president obama's public campaign to steer clear of the fiscal cliff took him to a diesel engine planted detroit. >> congress doesn't act soon, meaning the next few weeks, starting on january first, everybody's going to see their income taxes gop. >> private face to face talks were revised this weekend when house speaker john boehner went over to the white house. neither side is releasing details about the conversation, but taxes are still the big sticking point. >> i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax break. >> reporter: republicans have adamantly opposed raising taxes, but some are considering it now if democrats agree to social security and medicare changes. >> republicans were disappointed with the proposed spending cuts in the president's first offer which do no
the president and the house republicans have just three weeks to find a compromise to stop automatic tax hikes and spending cuts, and both sides say they are ready to talk. cbs 5's danielle nottingham on what might be the key to the solution. >> president obama's public campaign to steer clear of the fiscal cliff took him to a diesel engine planted detroit. >> congress doesn't act soon, meaning the next few weeks, starting on january first, everybody's going to see their income...